"Americans no longer look to government for economic security; rather, they look to their portfolios"
- Bill Owens
About this Quote
This quote by Bill Owens suggests that Americans are no longer depending on the government to provide economic security. Instead, they are taking matters into their own hands and investing in their own portfolios. This shift in attitude reflects the changing economic landscape in the United States, where individuals are increasingly responsible for their own financial security. This remains in contrast to the past, when the federal government was seen as the main provider of financial security. The increase of the stock market and other financial investment opportunities has actually made it simpler for individuals to take control of their monetary future. As a result, Americans are no longer seeking to the federal government for economic security, however rather to their own portfolios.
This quote is written / told by Bill Owens somewhere between October 22, 1950 and today. He was a famous Politician from USA, the quote is categorized under the topic Government. The author also have 23 other quotes.
"The first panacea for a mismanaged nation is inflation of the currency; the second is war. Both bring a temporary prosperity; both bring a permanent ruin. But both are the refuge of political and economic opportunists"
"I believe that history has shape, order, and meaning; that exceptional men, as much as economic forces, produce change; and that passe abstractions like beauty, nobility, and greatness have a shifting but continuing validity"
"Now is not the time to compromise on the economy. Instead, we should be doing everything in our power to support long-term economic growth. Permanent repeal of the death tax will mean more high-quality, high-paying jobs for Americans"
"Racism is a way to gain economic advantage at the expense of others. Slavery and plantations may be gone, but racism still allows us to regard those who may keep us from financial gain as less than equals"
"During the early 1960s, I decided to supplement research support for quantitative economic studies at Pennsylvania by selling econometric forecasts to private and public sector buyers"
"You would have to say his number one accomplishment has been to inspire a sense of confidence in the country. That confidence, that optimism, not only gives President Obama a political cushion, but it could have a real world economic impact"
